DeNaples resigns from bank board

Having lost his battle to obtain a stay of a Federal Reserve order, Lackawanna County businessman Louis DeNaples has resigned from his position on the board of First National Community Bancorp.

The Times Leader

DUNMORE — Having lost his battle to obtain a stay of a Federal Reserve order, Lackawanna County businessman Louis DeNaples has resigned from his position on the board of First National Community Bancorp.

DeNaples resigned from the board effective May 12, according to a filing with the Security and Exchange Commission.

In a letter attached to the filing, DeNaples said the resignation was made with protest, and that he will continue to fight to restore his position on the board and his interests in First National Community Bank of Dunmore.

The board of governors of the Federal Reserve in April ordered DeNaples to resign from the board and to give up his controlling interests in FNCB based on an agreement he reached with Dauphin County prosecutors in 2009.

DeNaples was charged with perjury for allegedly lying to Pennsylvania gaming officials who were investigating his suitability to hold a casino license. Prosecutors withdrew the charge after DeNaples agreed to transfer ownership of the Mount Airy Casino Resort to other family members.